Pink Slip: Anxiety Grabs Youth

Freshmen and college students say they live with constant fear of losing their jobs

from Amazon To meta, Google To microsoft, 2023 has doomed many IT professionals around the world. Layoffs are all over the news and laid off employees may have shared their stories on social media. then you are wrong.

The recession, layoffs and toxic work cultures in companies have become one of the main reasons behind student related stress and anxiety among young professionals and college students.

laxita, the 22-year-old worked for a US-based media company in Bangalore. “This was my first job and we had only worked six months when the company started laying off. I was informed a month in advance that I would be laid off.There was a lot of stress and panic among the employees as most of us were newly hired and didn’t know what to do.”

Rakshita ended up resigning because the work culture was so toxic.

“Our work and productivity were being tracked continuously and even the slightest drop was laying off. I’ve found a similar situation at a company: 6 people out of my team of 15-16 people have been laid off in the past month,” she added.

IT company last week Wipro It also laid off 452 new hires. The employees’ association even sent a letter to the Ministry of Labor asking for necessary action regarding the layoffs.

But it’s not just young professionals who are suffering. College students say the recession is affecting college placement.